Tranche Update on Franklin Financial Network, Inc.'s Equity Buyback Plan announced on January 23, 2019.
October 01, 2019 at 01:56 am IST
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From July 1, 2019 to September 30, 2019, the company has repurchased 7,043 shares, representing 0.05% for $0.19 million. With this, the company has completed the repurchase of 26,223 shares, representing 0.18% for $0.71 million under the buyback announced on January 23, 2019.
Franklin Financial Network, Inc. is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals. As of December 31, 2016, the Company operated through 12 branches in Williamson and Rutherford counties and a loan production office within the Nashville metropolitan area. The Company's loan portfolio consists of real estate loans, including construction and land development loans, commercial loans and residential loans; commercial and industrial, and consumer and other loans. The Company's investment securities portfolio consists of both securities classified as available-for-sale and securities classified as held-to-maturity. The Company's primary sources of funds include deposits.
FRANKLIN FINANCIAL NETWORK, INC. 
